Home Page
 
news 04 Oct 12

Skopje City Mall Officially Opened

Leading international retailers Zara and Carrefour will start serving Macedonian customers for the first time thanks to a brand new, EBRD-financed shopping mall that officially opened in Skopje on Wednesday.

Skopje

Photo by: build.mk

Macedonian Prime Minister Nikola Gruevski attended the opening ceremony for Skopje City Mall, where stores run by the Spanish fashion giant and the French hypermarket chain will be among some 130 shops. The mall will also include a multiscreen cinema operated by Austrian movie theatre company Cineplexx.

As well as attracting major international brands to the Macedonian market for the first time and creating some 2,000 jobs, Skopje City Mall is notable for its use of advanced energy efficient technologies that will limit its carbon footprint.

Last year, the EBRD provided a €18.9 million loan to help finance the development, construction and operation of the mall. It extended the loan to Balfin Finance B.V., a holding company jointly owned by Albanian commercial real estate developer Balfin and Macedonian fashion retailer Fashion Group. Balfin Finance B.V. owns the project developer, Balfin MK d.o.o.

“This is the EBRD’s first investment in the emerging Macedonian property and retail sector,” Claudia Pendred, EBRD Director for Property and Tourism, said at the opening ceremony. “We are pleased to have supported this important project for Skopje at a time when commercial debt financing remains limited and to have encouraged higher energy efficiency standards in the Macedonian retail sector.”

Located three kilometres west of Skopje city centre with convenient transport links, Skopje City Mall is the first shopping and entertainment centre of its size and quality in the Macedonian capital and in the country.

With a total area of 86,000 square metres, Skopje City Mall will comprise some 130 shop units on three levels anchored by a 4,600 square metre Carrefour hypermarket and a multi-storey and underground car park with around 1,200 parking spaces.

As well as Carrefour, Cineplexx and Inditex – which will operate stores under the Zara brand and several other of its labels – the mall will feature retailers such as German fashion chain New Yorker and electronics specialist Neptun.


Talk about it!

blog comments powered by Disqus

Related Headlines:

eu-calls-for-calm-in-macedonia-after-serbia-diplomatic-incident-08-22-2017
22 Aug 17

EU Calls for Calm after Macedonia, Serbia Diplomatic Incident

The EU has expressed hopes that Belgrade and Skopje will “deal with the issue calmly” after Serbia withdrew all diplomatic staff from the country.

21 Aug 17

Bosnians Mourn Koricani Cliff Massacre Victims

21 Aug 17

Eighth BIRN Summer School Opens in Croatia

Premium Selection

turkish-crisis-fuels-investment-surge-in-balkans-08-21-2017
22 Aug 17

Turkish Crisis Fuels Investment Surge in Balkans

The political crisis in Turkey is motivating many Turkish companies to shift their business operations to the nearby Balkan states.

lucifer-wreaks-havoc-with-balkan-agriculture-08-20-2017
21 Aug 17

‘Lucifer’ Wreaks Havoc With Balkan Agriculture

One of the worst-ever heat waves to hit the Balkans this summer, ‘Lucifer’ has brought drought and forest fires, decimating crops across the region, experts say.

17 Aug 17

Turkish Purges Leave Once Mighty Army Weakened

15 Aug 17

Bosnia-Born American Sues US over Travel Ban